Buying

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How Your Real Estate Agent Can Lose You a Deal

We offered less money and there was another offer on the table for more which the seller turned down - why?

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Buy a Home in August, Thank Me Later

By July and August, many homes that would have attracted multiple offers weeks prior are sitting on the market for two to three times as long. Why?

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How to Protect Yourself When Making Unconditional Offers

Even with the general slowdown of the Greater Toronto Area (GTA) real estate market from our peak last year many neighbourhoods are still experiencing high levels of demand.

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The Mistake That Cost Sellers Millions When Toronto's Housing Bubble Burst

This time last year, nearly 1,000 Toronto home buyers and sellers suffered major financial losses - could they have done something differently or was it just bad timing?

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The GTA Neighbourhoods Home Buyers Should Avoid

John Pasalis in Toronto Real Estate News, Home Buying

I recently stopped by TVO’s The Agenda to discuss the latest market stats with the Toronto Star’s Tess Kalinowski, and...

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Why This is the Best and Worst Time to Buy a Home in Toronto

John Pasalis in Toronto Real Estate News, Home Buying

 

“Be fearful when others are greedy and greedy when others are fearful”  -  Warren Buffett

Acclaimed investor Warren...

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‘Detached’ home for sale is actually linked to property next door

Bob Aaron in Legal, Home Buying

When is a detached house not detached? That was the question facing the “Smiths” late last month.

The couple came to see me after they signed...

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How to Avoid Buying a Home with Illegal Parking

With the surge in real estate prices over the past few years, it’s not a wonder that the Toronto real estate market has seen an uptick in the number of homes being flipped,...

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How Bidding on a Home in Toronto Just Got Worse

John Pasalis in Toronto Real Estate News , Home Buying

If there is one part of the home buying process that all of Toronto hates – it’s when you have to compete for a home...

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Pick or Pass: How to Use Data to Help You Make a Smarter Condo Investment Decision

Last week we touched on how to assess the impact of investors when evaluating a condo building – this week we’re going to take it one step further by delving into three other...

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Pick or Pass: What Makes a Condo a Good Investment?

The condo market in Toronto seems to be unfazed by the introduction of the Ontario Government’s new Fair Housing Plan. In some instances, the number of units bought by...

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Pick or Pass: A House Flip Gone Wrong

This week I wanted to highlight a listing I viewed over the long weekend with clients of mine that were looking for a home in the Bedford Park area. Anyone who knows the area...

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Pick or Pass: Is a Special Assessment the Reason Why This Home is Still on the Market?

Recently, there were two homes on the market with the same offer date and my clients were trying to figure out which one they would offer on – one in Port Credit, Mississauga...

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Pick or Pass: What You Need to Know About Pre-Construction Condos (That Sales Reps Might Not Tell You)

From a legal perspective, buying a pre-construction condo can be an even more involved process than buying a resale property as there are many additional aspects to consider –...

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Pick or Pass: Are You Throwing Your Money Away on Monthly Condo Fees?

 

More home buyers are considering condo style living as an alternative to freehold housing due to the widening price gap between the two types. Although a viable housing...

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Pick or Pass: Could you Spot a Blacklisted Condo?

Nicole Harrington in Listings of the Week

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus...

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Caution to those Buying a Home Based on School District

Back in October I wrote a blog post on the correlation between high performing school districts and how they affect home value. The basic premise of the post was to show that...

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Pick or Pass: How Overpaying for a Home May Hurt You

Nicole Harrington in Listings of the Week

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus...

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Home inspections are your best friend

Bob Aaron in Legal, Home Buying

What happens if you discover water flowing below the floor in a newly-purchased house and you have to completely gut the basement to remove...

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Pick or Pass: How a "Must Have" List Can Help Your Home Buying

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

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Pick or Pass: Affordable Spots for Buyers - Condo Edition

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

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Supreme Court Upholds Title-insurance Victory

Bob Aaron in Legal, Home Buying

The Supreme Court of Canada has written the final chapter in one of the most important title-insurance cases of this generation.

The story...

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What if my Prospective Condo Corporation is Involved in Litigation?

Bob Aaron in Legal, Home Buying, Condo Buying

What should a buyer do when the status certificate for their condominium purchase shows that the corporation is involved in...

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Pick or Pass: Building Permits – the Good, the Bad, and the Ugly

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

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Make Sure Home Seller’s Promises are Met Before Closing

Bob Aaron in Legal, Home Buying, Home Selling

A small claims court decision released last year underscores the importance of careful wording of seller promises in agreements...

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Is This a Good Time to Buy a Home in Toronto?

John Pasalis in Toronto Real Estate News, Home Buying

As I started my own home search a few months ago I found myself in an interesting position – for an owner of a real...

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Pick or Pass: Affordable Spots for First-Time-Home-Buyers

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

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Don't Buy Unregistered New Homes

Bob Aaron in Legal, Home Buying

Tarion Warranty Corporation has warned Ontario’s builders and real-estate agents they can be charged and fined if involved in the sale of an...

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Pick or Pass: If It Looks Too Good to Be True, It Just Might Be

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing to focus on each...

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Tarion needs to increase homebuyers deposit protection

Bob Aaron in Legal, Home Buying

An interim report on the Tarion warranty corporation should have gone further to protect home buyers’ purchase deposits.

Special adviser J....

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R-Listing: Why East York is Super Hot for Families

Nicole Harrington in Listings of the Week 

 

Here's my closer look at a recent Realosophy listing brought to market by our busy sales team - along with key insights and the...

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Pick of the 6ix: Would You Leave the City for This Home?

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. We pick the top Toronto listing in each...

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Why is This House Back on the Market?

Nicole Harrington in Listings of the Week 

Editor's Note: Due to error, this post was recently reposted. It refers to a listing that was previously available. We apologize for...

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This Week's Pick of the 6ix: A Legal Triplex

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. We pick the top Toronto listing in each...

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Pick of the 6ix: Toronto's Listing of the Week

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and décor. We pick the top Toronto listing in each...

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Pick of the 6ix: Toronto's Listing of the Week

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and décor. We pick the top Toronto listing in each...

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Get a survey even if your agent says no

Bob Aaron in Legal, Home Buying

With cottage-buying season now underway, it’s important to remember that a land survey is the single most important document in the whole...

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Six in the Six: Top Toronto Listings this Week

Nicole Harrington in Listings of the Week

Toronto’s housing market is as diverse as its people: ranging in price, size, and décor. We pick the top Toronto listings in each...

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Regulating Ontario’s home inspectors is taking too long

Bob Aaron in Legal, Home Buying, Condo Buying

 

There’s good news and bad news for homebuyers who would like to see a formal licensing protocol instituted for the province’s...

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Be wary of HST rebate rules when buying a new home

Bob Aaron in Legal in Home Buying, Condo Buying

A decision by the Tax Court of Canada last month has muddied the waters about who is — and is not — entitled to the new-home...

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Can You Afford to Buy a Home in Toronto?

Nicole Harrington in Home Buying 

 

Feeling Priced Out? What Options do New Home Buyers Have in the Toronto Market?

With houses selling for hundreds of thousands of...

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How to Avoid Buying At the Peak of a Real Estate Bubble

John Pasalis in Home Buying

No home buyer wants to be the sad buyer in our chart below who bought their house at the absolute peak of a real estate bubble, just before prices...

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The Science of Home Buying

John Pasalis in Toronto Real Estate News, Home Buying

For decades, real estate agents have been helping home buyers with the art of buying a home. They have advised them on...

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Title insurance must cover missing load-bearing wall

Bob Aaron in Legal, Home Buying

Ontario homeowners who have purchased title insurance policies are the big winners in a Court of Appeal decision released last week.

When...

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Preconstruction home, condo buyers need more protection

Bob Aaron in Legal, Home Buying, Condo Buying

 

A review of consumer protections for owners of new homes is set to get underway.

Retired associate chief justice J. Douglas...

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Buyers can cancel property sale over misleading information

Bob Aaron in Legal, Home Buying, Home Selling

Is a seller required to be truthful in disclosing to a buyer that a house was built on potentially toxic landfill? That was the...

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Not all home purchases have a happy ending

Bob Aaron in Legal, Home Buying

The vast majority of real estate agents are honest, competent and caring individuals.

Occasionally, however, one of them falls off the rails.

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A new home’s floor should not be this noisy

Bob Aaron in Legal, Home Buying, Condo Buying

A squeaky wooden floor was at the centre of a recent decision by the Ontario Licence Appeal Tribunal that overruled the...

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Affordable Condos and Lofts for First-Time Buyers in East Toronto

Ashleigh Dorrington in Condo Buying, Home Buying, Leslieville

Broadview Lofts

If you like lattes, antiquing and walking to work then the east end of Toronto might be for you....

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Home buyer’s contract delivered empty promises

Bob Aaron in Legal, Home Buying

Tracy Lynn Robinson and her husband bought a house in Milton last year.

The purchase agreement contained a warranty that the appliances and...

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Is there a legal obligation for a seller to disclose pre-closing flood damage to the buyer?

Bob Aaron in Legal, Home Selling, Home Buying

Does the seller of a house have a legal obligation to advise the buyers about a flood that occurred after the parties entered...

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Hidden new contruction buyer fees can cost you thousands

Bob Aaron in Legal, Home Buying, Condo Buying

Two areas involving builder agreements of purchase and sale that cry out for action by the new homes provincial watchdog are...

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Mom helping son with down payment ends in family feud

Bob Aaron in Legal, Home Buying

With the high price of housing these days, more buyers are turning to the Bank of Mom and Dad for help in acquiring a new home. Often, this...

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Should I get a home inspection for a condo?

Alan Carson in Guest ExpertHome Buying

New condo buyers ask me all the time “Do I really need a home inspection for a condo?” After all, there’s no roof to climb or crawl...

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Home buyers lose HST rebate when uncle, other relations on title

Bob Aaron in Home Buying, Legal

Back in June 2011, Angela Maria Henao and her aunt signed an agreement to buy a new house on Quetico Cres in Oakville. With the June 2012,...

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My home has Kitec plumbing in it - Should I be worried?

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Who is Buying Government Bonds at These Microscopic Yield Levels?

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Monday Morning Interest Rate Update appears weekly on this blog - check back...

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Ensure you’re covered for municipal work orders, building bylaw violations

Bob Aaron in Legal, Home Buying

It is a common understanding among real estate lawyers that residential title insurance will provide protection against municipal work orders...

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The Top 10 Home Buying Mistakes

John Pasalis in Home Buying , Toronto Real Estate 

As we approach the busy spring real estate market I thought it would be a good opportunity to share my thoughts on the most...

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Will the U.S. Federal Reserve Finally Raise Its Policy Rate, and What Impact Will That Prospect Have on Canadian Mortgage Rates?

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Monday Morning Interest Rate Update appears weekly on this blog - check back...

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Questions arise about obligation to disclose whether property has stigma

Bob Aaron in Legal, Home Buying, Home Selling

 

Is a real estate agent obligated to disclose to purchaser clients whether the house they are interested in buying is...

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How Will the Latest Canadian and U.S. Employment Data Affect Canadian Mortgage Rates?

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Monday Morning Interest Rate Update appears weekly on this blog - check back...

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Lower Mortgage Rates on the Horizon? Here’s Why That Could Happen (February 2, 2015)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Monday Morning Interest Rate Update appears weekly on this blog - check back...

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My Five Key Mortgage-Rate Questions in Response to the Bank of Canada’s Surprise Overnight Rate Cut - Monday Morning Interest Rate Update (January 26, 2015)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Monday Morning Interest Rate Update appears weekly on this blog - check back...

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Canadian Mortgage Rates May Be Headed Even Lower – Monday Morning Interest Rate Update (January 19, 2015)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Monday Morning Interest Rate Update appears weekly on this blog - check back...

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Ghosts among reasons to scare up legal advice

Bob Aaron in Legal, Home Buying, Home Selling

If a property in Ontario has been stigmatized as a result of a murder, suicide, death, haunting — or other unpleasant event —...

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How the Latest U.S. and Canadian Employment Data Might Impact Our Mortgage Rates - Monday Morning Interest Rate Update (January 12, 2015)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Monday Morning Interest Rate Update appears weekly on this blog - check back...

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Five Factors That Will Drive Canadian Mortgage Rates in 2015 (Monday Morning Interest Rate Update (January 5, 2015)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Mon Morning Interest Rate Update appears weekly on this blog - check back every...

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Happy Holidays – Monday Interest Rate Update (December 22, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

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What Bank of Canada Governor Poloz Really Said about Housing Bubble Risks - Monday Morning Interest Rate Update (December 15, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Mon Morning Interest Rate Update appears weekly on this blog - check back every...

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Why the Gap Between Fixed and Variable Mortgage Rates May Widen - Monday Morning Interest Rate Update (December 8, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Mon Morning Interest Rate Update appears weekly on this blog - check back every...

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Why Are Bond Yields Falling in the Face of Improving Economic Data? Monday Interest Rate Update (December 1, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome BuyingEditor's Note: Mon Morning Interest Rate Update appears weekly on this blog - check back every...

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Monday Morning Interest Rate Update (November 24, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome BuyingEditor's Note: The Move Smartly Blog Team congratulates Dave Larock on a well-deserved award from...

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Why Hasn’t Ultra-Loose Monetary Policy Caused Higher Inflation? Monday Morning Interest Rate Update (November 17, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome BuyingEditor's Note: Mon Morning Interest Rate Update appears weekly on this blog - check back every...

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Rent or Buy – What You Need to Know

John in Toronto Real Estate NewsHome Buying

Deciding whether or not it’s the right time to buy your first home is one of the most important decisions many people will make in...

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What Another Good Jobs Report Means For Canadian Mortgage Rates – Monday Morning Interest Rate Update (November 10, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome BuyingEditor's Note: Mon Morning Interest Rate Update appears weekly on this blog - check back every...

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New-home buyers need better protection: Tarion, Law Society, Government failing in consumer protection role

Bob Aaron in LegalHome Buying

The 150 purchasers in the failed Centrium condominium project might not have lost their combined deposits of $14.9 million had the Law Society...

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The U.S. Federal Reserve Stops Its Music But the Beat Goes On - Monday Morning Interest Rate Update (November 3, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Mon Morning Interest Rate Update appears weekly on this blog - check back every...

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The Bank of Canada Reads Its Crystal Ball and Governor Poloz Explains Why He Wears An Ill-Fitting Suit – Mon Morning Interest Rate Update (Oct 27, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Mon Morning Interest Rate Update appears weekly on this blog - check back every...

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Why CDN Bond Yields Have Been So Volatile and What This Means for CDN Mortgage Rates - Mon Morning Interest Rate Update (Oct 20, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Mon Morning Interest Rate Update appears weekly on this blog - check back every...

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Why CDN Bond Yields Didn’t React To Our Latest Employment Surge - Mon Morning Interest Rate Update (Oct 13, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: This post appears on Tues this week due to the Canadian Thanksgiving holiday on...

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Agents on the hook for illegal in-law suites

Bob Aaron in Legal, Home Selling, Home Buying

The Real Estate Council of Ontario (RECO), the body that licenses and governs real estate agents, is cracking down on...

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What the Latest U.S. Employment Data Mean for Canadian Mortgage Rates - Mon Morning Interest Rate Update (Oct 6, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: Monday Morning Interest Rate Update appears weekly on this blog - check back...

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A Few Quick Facts About Toronto's Real Estate Market in 2014

John in Toronto Real Estate News, Home Buying, Condo BuyingHome Selling

Realosophy released its semi-annual Home Value Survey for the Globe and Mail today and I thought this...

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Will discipline hearing bring end to risky document?

Bob Aaron in Legal, Home Selling, Home Buying

A recent decision of a discipline panel of the Real Estate Council of Ontario (RECO) could spell the end of the Seller Property...

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U.S Fed Chair Yellen Buys More Time and Bank of Canada Governor Poloz Makes Me Do a Double Take - Mon Morning Interest Rate Update (Sept 22, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome BuyingToronto Real Estate News

Editor's Note: Monday Morning Interest Rate Update appears weekly on...

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Is a Short-Term Spike in Fixed-Mortgage Rates Coming? Monday Morning Interest Rate Update (September 15, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finances, Home Buying, Toronto Real Estate News

Editor's Note: Monday Morning Interest Rate Update appears weekly on...

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Latest Employment Data and Bank of Canada Comments Bolster Low Rates for Longer View - Mon Morning Interest Rate Update (Sept 8, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finances, Home Buying, Toronto Real Estate News

Editor's Note: Monday Morning Interest Rate Update appears weekly on...

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Why Bank of Canada Governor Poloz’s Words Are Music to the Ears of Every CDN Mortgage Borrower - Monday Morning Interest Rate Update (September 2, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finances, Home Buying, Toronto Real Estate News

Editor's Note: Due to the Labour Day holiday, the Monday Morning...

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The U.S. Fed’s Latest Insights and What They Mean for Canadian Mortgage Rates - Monday Morning Interest Rate Update (August 25, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finances, Home Buying, Toronto Real Estate News

Gone are the days when central bankers act as invisible hands, which...

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Why Central Bankers Want Higher Inflation and What This Means for CDN Mortgage Rates – Monday Morning Interest Rate Update (August 18, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

Editor's Note: Due to technical delay, Dave's Monday Morning Interest...

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The Continuing Struggles of the Canadian Labour Market – Monday Interest Rate Update (August 11, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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A Look in the Rear-View Mirror – Monday Morning Interest Rate Update (July 28, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Sellers' form still troubling the real estate industry

Bob Aaron in Legal, Home Selling, Home Buying

Photo Credit: plus.google.com

The Seller Property Information Statement, a disclosure form created by the real estate industry,...

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Why Is Higher Inflation Pushing Our Bond Yields Down? Monday Interest Rate Update (July 21, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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What the Latest Weak Employment Data Mean for Canadian Mortgage Rates - Monday Morning Interest Rate Update (July 14, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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U.S. Employment Data Are a Warning That Canadian Fixed Mortgage Rates May Be Headed Higher – Monday Morning Interest Rate Update (July 7, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Know your cottage's shore road allowance

Bob Aaron in Legal, Home Buying

Photo Credit: iStock.com

I just found out that the boathouse and dock in front of my cottage were constructed on a municipal road allowance,...

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Canadian Inflation Surges Higher Again. Are Mortgage Rates Next? Monday Interest Rate Update (June 23, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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How Last Week’s Major Announcements Are Likely to Affect Canadian Mortgage Rates - Monday Interest Rate Update (June 9, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Is Rising Inflation a Warning That Canadian Mortgage Rates Are On the Way Up? Monday Interest Rate Update (May 26, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Get Your New Room Measurements in Writing

Bob Aaron in Legal, Home Buying, Condo BuyingPhoto Courtesy: iStock.com

Where can I find the size of the condo unit I’m buying in the builder’s pre-construction contract?

I...

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What the Latest Canadian Employment Data Means for Our Mortgage Rates - Monday Interest Rate Update (May 12, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Get Your Renovation Details in a Contract

Bob Aaron in Legal

Photo Courtesy: istock.com

I’m about to do a major renovation in my home. What kind of paperwork do I need?

Excellent answers to this question were...

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Fixed Versus Variable Mortgage Rates: Finding the Break-Even Point - Monday Interest Rate Update (May 5, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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A Big Week Ahead For the Canadian Mortgage Market - Monday Morning Interest Rate Update (April 14, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Why Not All 2.99% Five-Year Fixed-Rate Offers Are Created Equal - Monday Interest Rate Update (March 31, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Governor Poloz’s Big Reveal and Fed Chair Yellen’s Test Balloon - Monday Morning Interest Rate Update (March 24, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Land transfer tax should be an election issue

 Bob Aaron in Legal, Home Buying

Photo Courtesy: istock.com

As a real estate lawyer, I am a big supporter of the campaign by the Toronto Real Estate Board (TREB) to phase out...

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All About CMHC’s Mortgage-Insurance Premium Changes - Monday Interest Rate Update (March 3, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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What the Latest Consumer Price Index Means for Mortgage Rates - Monday Morning Interest Rate Update (February 24, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Happy Family Day - Tuesday Interest Rate Update (February 18, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Will Mortgage Rates Be Impacted By the Latest Canadian and U.S. Employment Reports? Monday Interest Rate Update (February 10, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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How Canadian Mortgage Rates Are Impacted by Continued U.S. Fed Tapering - Monday Interest Rate Update (February 3, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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The Loonie Rides to the Rescue – Monday Interest Rate Update (January 27, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Electronic Signature Decision Will Look to Judge Sydney Robins

 
Photo Courtesy: cynthiaknight.com    
 
Judge Sydney Robins’ many decisions included one in the...
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The Primary (and Hidden) Risk to U.S. Inflation? Monday Interest Rate Update (January 20, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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What The Latest Employment Report Means for Mortgage Rates – Monday Interest Rate Update (January 13, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Court Finds Agent Must be Paid for Doing the Job

Bob Aaron in LegalToronto Real Estate NewsCondo BuyingHome Buying

Photo Courtesy: istock.com    

A seller must pay commission to their real estate agent if a full-price...

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Tapering But Not Tightening - Monday Interest Rate Update (January 6, 2014)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Land Survey Trumps All Documents in a Purchase

Bob Aaron in LegalHome Buying

True or false? A land survey is unnecessary if the house purchaser buys title insurance.

Answer: false.

A court decision released last...

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HST Rebate Rules Don't Include All Your Relatives

Bob Aaron in LegalToronto Real Estate NewsCondo BuyingHome Buying

Many buyers of new homes and condominiums may be surprised to receive a demand from Canada Revenue...

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The BoC Jaw Bones the Loonie Down (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

Editor's Note: Dave's Monday Morning Interest Rate Update appears on...

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Tarion: Buyers May not be able to sue for claims after new home warranty expires

Bob Aaron in LegalToronto Real Estate NewsCondo BuyingHome Buying

A recent court decision raises the thorny issue of whether it should be legal for builders to restrict...

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Fixed Versus Variable Rate Simulation: The Winner Is … (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

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Why Quantitative Easing Should Make Canadian Mortgage Borrowers Nervous - (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

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Why October’s Strong Employment Data May Not Matter to the Fed (Monday Morning Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

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Establishing a Quasi-Judicial ‘Condo Office’ Should be Done with Care

Bob Aaron in Legal, Toronto Real Estate News, Condo Buying, Home Buying

A sea change is coming for the management and operation of the province’s 600,000 condominium units if...

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Is the U.S. Fed Making the Unthinkable Inevitable? (Monday Morning Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

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The Bank of Canada Finally Drops Its Rate-Tightening Bias (Monday Morning Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

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Does century-old murder still haunt Massey home?

Bob Aaron in LegalHome SellingHome Buying

Photo Credit: Bob Aaron

In the real estate field, when the value of a house might be affected by a history of murder, suicide,...

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How Gerrymandering and the U.S. Tea Party Have Helped Canadian Mortgage Borrowers (Monday Morning Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

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What Permanent QE Would Mean for Canadian Mortgage Rates - (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

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As Sovereign Default Fears Rise, Fixed Mortgage Rates Set to Fall (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

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Land Survey Outlines What's Really Yours

Bob Aaron in LegalHome SellingHome Buying

I think it’s time that a land survey be made a compulsory part of every real estate transaction. It baffles me why a clause to that...

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The U.S Fed Trades Short-Term Gain for Longer-Term Pain (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

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The Elephant in the Room - Monday Interest Rate Update

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News  

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What the Latest U.S. and Canadian Economic News Means for Canadian Mortgage Rates - Monday Interest Rate Update

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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More Thoughts on the U.S. Fed’s Taper and How it Will Affect Canadian Mortgage Rates - Monday Interest Rate Update

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Court Finds Sale Not Closed if the Building Permit is Open

Bob Aaron in Legal, Home Selling, Home Buying

Two recent decisions of the Ontario Superior Court have determined that an open municipal building permit — where the city has...

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Why CMHC’s Latest Move is Good for Variable-Rate Borrowers (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Why the U.S. Fed's Most Recent Commments Are Good News for Canadian Mortgage Rates - (Tuesday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Floor-by-Floor Sales Venture Would Work Better as a Condo Property

Bob Aaron in Legal, Home Selling, Home Buying

My nomination for the the most odball real estate scheme of the year is last week’s proposal by Larry Chilton and his real...

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Cellar Flood Among Wave of Lawsuits From Disclosure Form

Bob Aaron in Legal, Home Selling, Home Buying

In the wake of widespread flooding in Toronto last week, I’ve had a number of phone calls and emails from people trying to sell...

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Why the Variable-Rate Mortgage is Looking Better All the Time (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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New Home Owners Dig into Their Legal Rights, Obligations About Backyard Burial

Bob Aaron in Legal, Home Selling, Home Buying

Just when I thought I had heard every possible real estate problem, a client showed up with a question that is so novel that the...

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What the Heck is Happening to Five-Year Fixed-Mortgage Rates? (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Fixed Rates Move Up and Variable Rates Look Better By Comparison (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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A Look Behind Canada’s Near Record-Breaking Employment Report (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Are Higher Mortgage Rates on the Way? (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Some Title Insurance is Better Than Others

Bob Aaron in Legal, Home Buying

In the world of real estate, it’s not very well known that title insurance policies vary significantly from one company to another.

When it...

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Our Latest CPI Data Suggests That it’s Back to the Revising Board for the BoC ... Again (Tuesday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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A Review of Our Latest Employment Report with Implications for Canadian Mortgage Rates (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Beware Sending a Real Estate Deal Off the Rails

Bob Aaron in Legal, Home Selling, Home Buying

An interesting decision from Toronto’s small claims court last December provides a useful lesson on the obligations of buyers,...

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Canadian Mortgage Rates Will Inevitably Rise … But When? (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Has the Bank of Canada Discovered Life on Mars? (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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How Japan's New All-in Monetary Policy Will Affect Canadian Mortgage Rates (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Should Murder or Suicide be Disclosed?

Bob Aaron in Legal, Home Selling, Home Buying

Shortly after Sidney and his wife bought their Toronto home last fall, a number of their new neighbours told them that there had...

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March Employment Numbers Push CDN Bond Yields Down But U.S. Stagflation Threat Rising (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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How to See Homes for Sale Before They’re on Realtor.ca - Part 2

John Pasalis in Home Buying

In Part 1 of this post, we talked about how Toronto buyers can get a jump on other buyers in competitive spring market. My top tip was to go to...

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How to Win a Multiple Offer in Toronto’s Hot Spring Real Estate Market – Part 1

John Pasalis in Home Buying

While Toronto's real estate market is expected to start leveling out, buyers looking for homes in Toronto's hottest neighbourhoods aren't feeling...

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How The Cyprus Bailout Talks Have Irreparably Harmed the Euro Zone (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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The Euro-zone Crisis Moves Back to the Front Burner (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News 

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Bank of Canada More Cautious on Mortgage Rate Rise (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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What Slower GDP Growth Means for Mortgage Rates (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Real Estate Lawyers Do Not ‘Waste’ Client’s Money

Bob Aaron in Legal, Home Buying

Last week I received an email from a Star reader who had just bought a $588,000 home in Scarborough and wanted to know if I could refer him to...

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How Will the U.S. Fix its Debt Problem and What Will it Mean for Canadian Mortgage Rates? (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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The Distant Risk of Higher Mortgage Rates (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Homeownership Not About Crunching Numbers

Sometimes, even the experts get it wrong, or maybe not entirely right. In her new book, Money Rules, financial guru Gail Vaz Oxlade says that...

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Latest Canadian Employment Data Falls Into Line (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Does Data Signal a New Trend or Just a Blip? (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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HomeVerified Will Be Valuable New Tool for Home Buyers

Resale home’s history now available through HomeVerified and it has the potential to become an industry standard in every residential...
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Is There a Prime-Rate Cut in Our Future? (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Why Chinese Growth is Good for Canadian Variable-rate Mortgage Holders (Monday Interest Rate Update)

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Monday Interest Rate Update

Dave Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

This week we’ll focus on some recent currency-related news and look at...

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Monday Interest Rate Update

David Larock in Monday Interest Rate Update, Mortgages and Finance, Home Buying, Toronto Real Estate News

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Monday Morning Interest Rate Update (December 17, 2012): U.S. Fed Extends Its Low-rate Pledge

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Last week the U.S. Federal Reserve replaced its pledge to keep its policy rate in a range of 0.00...

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Monday Morning Interest Rate Update (December 10, 2012) – The Latest Employment Reports May Glister, But That Doesn’t Make Them Gold

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

My ears are still ringing from the peal of celebratory trumpets that blared in response to the...

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Title Insurance Really isn’t Optional

Bob Aaron in Legal, Home Buying, Condo Buying

Despite the fact that residential title insurance has been commonplace in Ontario for the last 15 years, many of my clients still...

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Monday Morning Interest Rate Update (December 3, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

“It’s tough to make predictions, especially about the future” - Yogi Berra.

Trying to predict the...

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Court Rules Real Estate Agent isn’t Responsible for Home Inspection

Bob Aaron in Legal, Home Buying

An Ontario real estate agent has escaped responsibility for failing to review the results of a professional home inspection with his purchaser...

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Monday Morning Interest Rate Update (November 12, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Now that the U.S. election is over, markets will shift their attention back to the European Union...

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When Your House Really Belongs to Your Neighbour

Bob Aaron in Legal, Home Buying

Imagine waking up one morning to find out that the house you are living in and have listed for sale belongs to your next-door neighbours, and...

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Monday Morning Interest Rate Update (October 29, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

When the Bank of Canada (BoC) released its latest interest-rate statement last Tuesday it did not...

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Monday Morning Interest Rate Update (October 22, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

When Bank of Canada (BoC) Governor Mark Carney speaks, the experts I read carefully parse his...

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Professionals Can Make Real Estate Transactions Easier

Bob Aaron in Legal, Home Buying

A decision of the Ontario Divisional Court this summer underscores the importance of having an experienced real estate lawyer review a builder...

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Monday Morning Interest Rate Update (October 15, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Last week was a slow one for new economic data so in today’s Update I’m taking a step back and...

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Tuesday Morning Interest Rate Update (October 9, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Monthly employment reports should be closely monitored by anyone keeping an eye on mortgage rates...

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Monday Morning Interest Rate Update (October 1, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Market bulls hoped that when U.S. Fed Chairman Ben Bernanke finally gave investors the...

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Toronto Real Estate by School District

John Pasalis in Toronto Schools, Home Buying, Realosophy News

When we launched realosophy.com back in 2007, we pioneered market analysis by neighbourhood in Toronto. At the...

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Monday Morning Interest Rate Update (September 10, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Here are the three most important developments last week that related to Canadian mortgage rates:

...

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Tuesday Morning Interest Rate Update (September 4, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

When U.S. Federal Reserve Chairman Ben Bernanke stepped to the podium at Jackson Hole last Friday...

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Monday Morning Interest Rate Update (August 20, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Bank of Canada (BoC) Governor Mark Carney has made it clear that he wants to raise interest rates...

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Monday Morning Interest Rate Update (August 13, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

To my surprise, Government of Canada (GoC) bond yields (on which our fixed-mortgage rates are...

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Tuesday Morning Interest Rate Update (August 7, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

It was a strange week for Government of Canada (GoC) bond yields (on which our fixed-mortgage rates...

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Test Drive Realosophy's Toronto Home Spotter - the Civilized Way to Search for Homes Online

John Pasalis and Urmi Desai in Home Buying, Toronto Real Estate News, Realosophy News

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Monday Morning Interest Rate Update (July 23, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

The Bank of Canada (BoC) left its overnight policy rate unchanged last week as expected. (Reminder:...

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Monday Morning Interest Rate Update (July 16, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

The devil is always in the detail.

When Spain’s 100 billion euro bailout was finalized and the euro...

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The Mortgage Rules They Are a Changin’ - Monday Morning Interest Rate Update (June 25, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Last week federal finance minister Jim Flaherty surprised real-estate market stakeholders by...

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Monday Morning Interest Rate Update (June 11, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

This week’s Update was going to focus on the latest employment report from Statistics Canada and...

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Monday Morning Interest Rate Update (June 4, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

The current debate about the strength of the global economic recovery is pretty much over, at...

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Monday Morning Interest Rate Update (April 30, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

The global economic recovery is on a very tenuous footing. While determined optimists can string...

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Monday Morning Interest Rate Update (April 23, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Last week was an interesting one for anyone keeping an eye on Canadian mortgage rates.

The Bank of...

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Monday Morning Interest Rate Update (April 16, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

When the European Central Bank (ECB) injected more than US$1 trillion in cheap, three-year loans...

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Tuesday Morning Interest Rate Update (April 10, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Statistics Canada released its latest employment report last Friday, and the data were a welcome...

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Basement Apartments are a Minefield for the Uninformed

Bob Aaron in Legal, Home Buying, Home Selling

My column on basement apartments earlier this month seems to have touched a nerve among homeowners and real estate agents, many of...

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Monday Morning Interest Rate Update (April 2, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

Last week the euro-zone finance ministers increased the size of the European Stability Mechanism...

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Is it a Good Time to Buy a Home in Toronto? Lessons from the Wall

John Pasalis in Toronto Real Estate News, Home Buying

Being a home buyer in Toronto's real estate market is hard work.

Every week, you eagerly wait to see the new listings that...

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Monday Morning Interest Rate Update (March 26, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

This week’s update will use an ‘around the horn’ format to highlight several interesting...

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Basement Apartments Must Comply with Zoning, Fire, Building and Electric Codes

Bob Aaron in Legal, Home Selling, Home Buying

When real estate agents prepare offers for a house with a basement apartment, they typically insert a clause stating that “seller...

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Monday Morning Interest Rate Update (March 19, 2012)

David Larock in Mortgages and Finance, Home Buying

Five-year Government of Canada (GoC) bond yields continued to surge higher last week so expect a fresh round of headlines...

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Rate Simulations: The Five-Year Fixed Rate Versus The Ten-Year Fixed Rate

David Larock in Mortgages and Finance, Home Buying

It’s time for another rate simulation but this time we’re going to change it up.

The age old fixed-versus-variable question...

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Monday Morning Interest Rate Update (February 27, 2012)

David Larock in Mortgages and Finance, Home Buying, Toronto Real Estate News

If you want to look beyond the incendiary headlines about housing bubbles in Canada’s largest real...

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Fixed-rate Mortgage Penalties – Why They Matter Now More Than Ever

David Larock in Mortgages and Finance, Home Buying

Many people think that the differences in how lenders calculate fixed-rate mortgage penalties are a non-issue now that rates...

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Are You a Home Buyer Wondering About Schools?

Worried about buying in the right school district for your family?

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5 Questions for...a Frustrated Home Buyer Blogger (FML Listings)

Urmi Desai in 5 Questions, Home Buying

The blogosphere has been abuzz about “FML Listings” an anonymous blog launched by a frustrated Toronto home buyer. FML’s MO is as simple...

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Winter Mortgage Market Update (2012)

David Larock in Mortgages and Finance, Home Buying

This quarter’s Mortgage Market Update is a good news/bad news story. I’m an optimist at heart so let’s start with the good...

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Monday Morning Interest Rate Update (January 23, 2012)

David Larock in Mortgages and Finance, Home Buying

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The Magic of Five Percent: A New Year’s Resolution Worth Keeping

David Larock in Mortgages and Finance, Home Buying

When the calendar flips to a new year, many of us make resolutions to improve our lives. Judging by how busy the gyms get...

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Monday Morning Interest Rate Update (December 19, 2011)

David Larock in Mortgages and Finance, Home Buying

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Would You Save More With a Fixed or Variable-Rate Mortgage? (Rate Simulator – 2011 Year End Edition)

David Larock in Mortgages and Finance, Home Buying

It’s been three months since we last ran scenarios that compare the potential costs of fixed vs. variable-rate five-year...

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Monday Morning Interest Rate Update (December 5, 2011)

David Larock in Mortgages and Finance, Home Buying

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Monday Morning Interest Rate Update (November 21, 2011)

David Larock in Mortgages and Finance, Home Buying

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The Americanization of Canadian Credit

David Larock in Mortgages and Finance, Home Buying

I suppose it was inevitable that some of the more aggressive U.S. lending practices would make their way north of the border...

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Fall Mortgage-Market Update (2011)

David Larock in Mortgages and Finance, Home Buying

Like stock markets, economies are really only governed by two competing forces: fear and greed.

When greed dominates, money...

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Monday Morning Interest Rate Update (October 24, 2011)

David Larock in Mortgages and Finance, Home Buying

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Troubling Signs for Toronto’s Condo Market

John Pasalis in Condo Buying, Home Buying, Toronto Real Estate News

If there’s one thing that concerns me about Toronto’s real estate market it's the uncertainty about the boom...

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Monday Morning Interest Rate Update (October 17, 2011)

David Larock in Mortgages and Finance, Home Buying

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Tuesday Morning Interest Rate Update (October 11, 2011)

David Larock in Mortgages and Finance, Home Buying

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Monday Morning Interest Rate Update (September 26, 2011)

David Larock in Mortgages and Finance, Home Buying

On Wednesday of last week, Statistics Canada released its latest Consumer Price Index (CPI) data for August 2011. While...

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Monday Morning Interest Rate Update (September 19, 2011)

David Larock in Mortgages and Finance, Home Buying

On Friday, the European Central Bank, the U.S. Federal Reserve, and the central banks of Britain, Switzerland and Japan all...

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Monday Morning Interest Rate Update (September 12, 2011)

David Larock in Mortgages and Finance, Home Buying

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Back to School Edition: Would You Save More with a Fixed or Variable-rate Mortgage? (Rate Simulator)

David Larock in Mortgages and Finance, Home Buying

It’s been three months since we ran our first Mortgage Rate Simulation where we compared the cost of a current five-year...

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Monday Morning Interest Rate Update (August 29, 2011)

David Larock in Mortgages and Finance, Home Buying

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A Surprising New Mortgage That Pays You to Go Green

David Larock in Mortgages and Finance, Home Buying

Businesses are always looking to cash in on consumer trends, and in today’s world the trend towards greener, more sustainable...

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Monday Morning Interest Rate Update (August 22, 2011)

David Larock in Mortgages and Finance, Home Buying

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It's difficult to sell pre-registration condo units

Bob Aaron in LegalHome Buying, Condo Buying

With thousands of new Toronto condominiums being completed each year, investor purchasers are putting many of them on the...

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Monday Morning Interest Rate Update (August 15, 2011)

David Larock in Mortgages and Finance, Home Buying

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Large Mortgage Loans and the Sliding Scales Used to Underwrite Them

David Larock in Mortgages and Finance, Home Buying

For a lender, bigger is not always better.

The larger a mortgage gets, the greater the lender’s potential loss if the...

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Monday Morning Interest Rate Update (August 8, 2011)

David Larock in Mortgages and Finance, Home Buying

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Title insurance? Check. Land survey? Double-check.

Bob Aaron in Legal, Home Buying

One of the lesser known benefits of title insurance is that the insurer is obligated to provide and pay for the legal costs of defending the...

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Tuesday Morning Interest Rate Update (August 2, 2011)

David Larock in Mortgages and Finance, Home Buying

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Monday Morning Interest Rate Update (July 25, 2011)

David Larock in Mortgages and Finance, Home Buying

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Rent-to-Own Deals Can Be Risky Business

Bob Aaron in Home Buying, Legal

Last month I received an email from a firm billing itself as a “very successful real estate investment firm that invests heavily in something...

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Monday Morning Interest Rate Update (July 11, 2011)

David Larock in Mortgages and Finance, Home Buying, Home Selling

All eyes were on last Friday’s employment report after our latest Consumer Price Index (for May) came in...

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Tarion Registration is Not an Option for Homebuilders

Bob Aaron in Home Buying, Condo Buying, Home Selling, Legal

One of the biggest challenges facing the new home industry today is the problem of illegal construction and sale of...

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Mortgage Secrets from an Independent Mortgage Planner

David Larock in Mortgages and Finance, Home Buying, Home Selling

If you are buying a house or refinancing your mortgage, the siren song emanating from your local bank branch...

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Monday Morning Interest Rate Update (July 4, 2011)

David Larock in Mortgages and Finance, Home Buying, Home Selling

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Bridge Financing – Helping You Buy a Home Before You Sell

David Larock in Mortgages and Finance, Home Buying, Home SellingIf you want to sell your current home and use the proceeds as a down payment on a different property, what do...

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Agent's Responsibility Doesn’t End With Advice

Bob Aaron in Legal, Home Buying

An Ontario court has found a real estate agent partially liable in damages for failing to review a home inspector’s report carefully with his...

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Would You Save More with a Fixed or Variable-rate Mortgage? (Rate Simulator)

David Larock in Mortgages and Finance, Home Buying

Mortgage rates have been on a downward march lately – five-year fixed-rate mortgages are now offered in the 3.69% range and...

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Mortgages for Co-op and Co-ownership Properties

David Larock in Mortgages and Finance, Home Buying

  Co-op and co-ownership properties offer exceptional value for the right type of buyer. These buildings are usually...

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Monday Morning Interest Rate Update (May 2, 2011)

David Larock in Mortgages and Finance, Home Buying

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Title insurers come under fire in Quebec

Bob Aaron in Home BuyingLegal

The governing bodies of the notary and legal professions in Quebec have launched a lawsuit against several title insurance companies over the...

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The Power of Prepayment

David Larock in Mortgages and Finance, Home Buying

Mortgage debt can be intimidating; it is a massive personal liability that typically takes decades to pay off. During the...

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Monday Morning Interest Rate Update (April 25, 2011)

David Larock in Mortgages and Finance, Home Buying

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Spring Mortgage Market Update (2011)

David Larock in Mortgages and Finance, Home Buying

Mortgage rates and inflation go hand in hand.

Variable-mortgage rates are set using the Bank of Canada’s overnight rate,...

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Shocked by Stories of ‘Neighbours from Hell’

Bob Aaron in Home Buying, Condo Buying, Legal

In my column on April 2, I wrote about a study by Halifax Home Insurance in the U.K. which reported that more than 360,000 Britons,...

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Monday Morning Interest Rate Update (April 11, 2011)

David Larock in Mortgages and Finance, Home Buying

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Toronto Real Estate Roundup April 8th 2011

John Pasalis in Real Estate Roundup    

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How to Avoid the Hidden Cost in Most Canadian Mortgages

David Larock in Mortgages and Finance, Home Buying

If Canadians shopped for cars the same way we shop for mortgages, most of us would be driving around in old beaters that...

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The Best Mortgage Rate No One is Talking About

David Larock in Mortgages and Finance, Home Buying

Fixed-rate mortgages offer borrowers predictability and peace-of-mind in exchange for higher initial borrowing costs (over...

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The Mortgage Qualifying Rate (MQR)

David Larock in Mortgages and Finance, Home Buying

Borrowers are often surprised to hear that qualifying for a five-year variable-rate mortgage is more difficult than...

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Home Buying 101: How to Get the Lowest Interest Rate

David Larock in Mortgages and Finance, Home BuyingTo the uninitiated, Canada’s lending market must look like a very egalitarian place. All of our major banks post the same...

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Buying 101: Investing in an Up and Coming Neighbourhood

John Pasalis in Toronto Real Estate News, Home Buying, Toronto Neighbourhoods

“Where is the next up and coming neighbourhood?” has to be the question I’m most often asked by...

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Mortgage Advice for Couples Planning a Divorce

David Larock in Mortgages and Finance, Home Buying

When couples decide to divorce, financial assets accumulated while together must be equitably divided and in many cases, the...

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Mortgages for New Canadian Immigrants

David Larock in Mortgages and Finance, Home Buying

If you are a new immigrant to Canada - welcome! As a former world traveller, I know how daunting it can be to get settled in...

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Floor plans are most important document in buying a condo

Bob Aaron in Condo Buying, Home Buying, Legal

The Park Lake Residences condominium project is located on Lake Shore Blvd. W. at Ellis Ave., near the foot of Windermere. Built by...

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CMHC Mortgage Insurance Changes: What They Are, Why They Matter and How They’ll Be Good For Us (in a Brussel Sprouts Sort of Way)

David Larock in Mortgages and Finance, Home Buying

On January 17, 2011, Jim Flaherty, our federal  Minister of Finance announced changes to the Canadian Mortgage and Housing...

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Home Buying 101: 13 Guideposts for Every First-time Home Buyer

David Larock in Mortgages and Finance, Home Buying

Buying your first house is a milestone right up there with the biggies. When you become the legal owner of a patch of land,...

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Home Buying 101: How Title Insurance Works and Why You Should Buy It

David Larock in Home Buying, Mortgages and Finance, Legal

Your property’s title provides the legal proof that you are its owner. It describes your rights to the land and any...

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Pre-approvals: Why They Aren’t Worth the Paper They’re Written On and Why You Should Still Get One

David Larock in Mortgages and Finance, Home Buying

Mortgage pre-approvals are full of conditions and qualifiers, and when you think about it, why wouldn’t they be? When you...

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Home Buying 101: Waiving Your Financing Condition

David Larock in Mortgages and Finance, Home Buying

Buyers will often include a financing condition when drafting an offer to purchase with their realtor. This clause gives them...

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Undisclosed Costs Can Really Add Up

Bob Aaron in Legal, Home Buying, Mortgages and Finance

It’s hard to think of any consumer purchase contract where the price on the front page is not the full purchase price,...

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Home Buying 101: Matching Your House to the Life You Have

Urmi Desai in Home Buying, Lifestyle

One way to measure the success of a visit with friends and family is the quantity of ‘in jokes’ that result (the poorer the quality,...

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